IN THE NEWS
Force Protection Industries to Deliver Armored Vehicles to Canadian ForcesPublisher: Force Protection, Inc.
LADSON, S.C.--Force Protection, Inc. (NASDAQ:FRPT) today announced it has received an $8.867 million contract award to produce Buffalo and Cougar mine-protected vehicles for the Canadian Expeditionary Force Command (CEFCOM). Marine Corps Systems Command will administer the contract under a foreign military sales agreement (FMS).
The order, which marks the first contract between Canada and the SC-based manufacturer, calls for five Buffalo and five Cougar vehicles, spare parts, training, and field service representatives. Vehicle deliveries are scheduled to begin no later than August 2007.
�We are pleased to be recognized once again as a world leader in blast and ballistic protection that effectively counters the global threats of insurgent ambushes and improvised explosive devices,� said Force Protection Vice President for Program Management Damon Walsh. �This initial, urgent order will go directly to CEFCOM for immediate deployment. Based on past performance, we know it will save Canadian lives.�
Force Protection�s armored vehicles have been deployed in support of U.S. and Allied engineers, explosive ordnance disposal teams and other first response units in Iraq and Afghanistan since 2003. They have an unmatched record for troop safety, having withstood in excess of 2,000 explosive attacks in more than 100,000 days of heavy combat operations.
About Force Protection Industries
Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles protect against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.
For more information on Force Protection and its vehicles, visit www.forceprotection.net.
This press release may contain forward-looking statements that involve risks and uncertainties. The Company generally uses words such as �believe,� �may,� �could,� �will,� �intend,� �expect,� �anticipate,� �plan,� and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company�s Form 10-K and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company�s future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law.